The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:
The Polit Bureau of the CPI(M) strongly opposes the decision of the Trustees of the Employees Provident Fund at the behest of the Central Government to hand over the huge amounts of workers Provident Fund contributions to finance companies for speculative purposes in the Stock Exchange. By this decision around 2,40,000 crore rupees in the corpus fund and another 30,000 crore rupees of the annual incremental fund will be literally gifted to the corporates. While the companies can make profits, there is no guarantee of minimum returns to the workers. Thus the savings of workers over years of hard work can be wiped out through speculation. This decision reverses a hard won gain of the working classes over years of struggle for a minimum guaranteed return on their contribution, post-retirement.
This decision marks the beginning of a process of privatisation of workers and employees savings which had been strongly opposed by the CPI(M) which had ensured that the UPA Government did not go ahead with this anti-worker policy. Even now, the decision was pushed through in the most undemocratic way in spite of the opposition by the majority of workers representatives. The reported late selection of Reliance Capital as one of the fund managers is an indication of the cost of support to this tainted Government.
The Polit Bureau of the CPI(M) extends its support to the protest struggles against this decision by workers and employees. It demands that the Government should refrain from implementing this anti-worker decision.
Tuesday, August 5, 2008
The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:
marxistindia
news from the cpi(m)
August 2, 2008
Press Statement
The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:
On the IAEA Safeguards Agreement
The Safeguards Agreement with India endorsed by the IAEA Board of Governors on August 1, 2008 has made it clear that 14 Indian civilian nuclear facilities will come under perpetual IAEA Safeguards from 2009. That the interpretation of the Indian Government regarding the "corrective measures" mentioned in the Preamble of the Safeguards Agreement providing for a check against disruption of fuel supplies, does not hold, has been made clear by the IAEA. In his introductory statement to the Board of Governors, IAEA Director General Dr. Mohamed El Baradei said: "As with other safeguards agreements between the Agency and Member States, the (Indian) agreement is of indefinite duration. There are no conditions for the discontinuation of safeguards other than those provided by the safeguards agreement itself. The termination provisions contained in the agreement are the same as for other 66-type agreements". Therefore, the Safeguards Agreement can only be terminated under the standard termination conditions contained in Articles 29 and 32 of the Agreement, implying that nuclear facilities can be withdrawn from safeguards only after these facilities are no longer usable for any nuclear activity.
This belies the Prime Minister's assurance in Parliament that India's civilian nuclear facilities would be put under perpetual IAEA safeguards only under the strictly reciprocal condition of uninterrupted fuel supply guarantees. Neither does the 123 agreement with the US provide any such fuel supply guarantee nor can the IAEA ensure uninterrupted fuel supply since it is only a monitoring agency. Thus, the provisions of the Hyde Act and not the assurances made by the Indian Prime Minister in Parliament are shaping the course of the Indo-US nuclear deal through the various stages.
news from the cpi(m)
August 2, 2008
Press Statement
The Polit Bureau of the Communist Party of India (Marxist) has issued the following statement:
On the IAEA Safeguards Agreement
The Safeguards Agreement with India endorsed by the IAEA Board of Governors on August 1, 2008 has made it clear that 14 Indian civilian nuclear facilities will come under perpetual IAEA Safeguards from 2009. That the interpretation of the Indian Government regarding the "corrective measures" mentioned in the Preamble of the Safeguards Agreement providing for a check against disruption of fuel supplies, does not hold, has been made clear by the IAEA. In his introductory statement to the Board of Governors, IAEA Director General Dr. Mohamed El Baradei said: "As with other safeguards agreements between the Agency and Member States, the (Indian) agreement is of indefinite duration. There are no conditions for the discontinuation of safeguards other than those provided by the safeguards agreement itself. The termination provisions contained in the agreement are the same as for other 66-type agreements". Therefore, the Safeguards Agreement can only be terminated under the standard termination conditions contained in Articles 29 and 32 of the Agreement, implying that nuclear facilities can be withdrawn from safeguards only after these facilities are no longer usable for any nuclear activity.
This belies the Prime Minister's assurance in Parliament that India's civilian nuclear facilities would be put under perpetual IAEA safeguards only under the strictly reciprocal condition of uninterrupted fuel supply guarantees. Neither does the 123 agreement with the US provide any such fuel supply guarantee nor can the IAEA ensure uninterrupted fuel supply since it is only a monitoring agency. Thus, the provisions of the Hyde Act and not the assurances made by the Indian Prime Minister in Parliament are shaping the course of the Indo-US nuclear deal through the various stages.
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